Running a large fraud for a long time is a pretty stupid thing. He’s just being called stupid instead of a genius now that people have more context into his dealings.
A lot of smart people knew he had to be a kind of fraud, but they thought he was their fraud -- it was assumed he was making money through some kind of front running.
I know a lot of people will rip on this and it is pretty insane, but I am disappointed that it turns out that the guy was a fraud. I think living in a world where billionaires actually did things like try to buy island nations, create insane scientific experiments, and generally try to top one another for the best caricature of a Bond supervillain instead of the standard fare of buying sports teams, yachts, politicians, and art collections would be a much more interesting one to live in.
Yes of course it was funny that a conman got millions of idiots to believe he would do something that might hurt the balance sheet of his biggest donors.
Absolutely wild how many of you goobers defend this heinous charlatan and others like him. But what do I know? I'm not a temporarily inconvenienced billionaire!
He also bought a mansion and a few cars and divorced and gambled a lot in Vegas and online casinos and hot stock tips?
What's amazing is that this person put his name in the WSJ as a gullible fool who can now be targeted by spearphishing scams (including that Crypto Recovery scam that has was even spamming HN recently) and shunned by his peers and potential clients.
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